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Search Results 0 to 5 of about 6 (some duplicates have been removed)
Oct 7, 2012 5:00am PDT
should ask. what counts as a small business and what is their role in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business income. >> this term is driving me nut, i have to be honest. it's become so central. everyone celebrates small business. it seems to me, a term in search of an actual definition. there's no agreed upon definition. it could mean anything. it's like saying workers. that includes hedge fund managers and janitors because they both work. it's not a use
Oct 14, 2012 5:00am PDT
are the engines of the economy. on the other, whoever can work cheaply and efficiently should win in the open market. i think this to me gets at the heart of some of the cant and rhetoric i have been frustrated with. josh, i want to go to you. you wrote a piece discussing the offshoring stuff. defend what you do. stop pretending you don't do what you actually do. i feel like we are having this disengeneral would you say operation. one side should be making the case for capitalism as opposed to dancing around the fact that is what they believe in and are doing. >> i don't think romney is running away from staples or walmart. i think republicans, it hasn't been a big issue, but i think republicans are happy to make the case for why the transformation in retail over 30 years has been a good thing. the case is lower prices for consumers. there's the impact on workers but you have to look at the impact on customers. the customer base is a lower income base and to the extent their purchasing power is increased substantially, that's a real benefit. i think we overstate what we lost here. re
Oct 6, 2012 5:00am PDT
corrosive, you might say, to driving the economy, this failing economy. >> if you can't trust in the numbers. let me make this point as a devil's advocate for people expressing skepticism on the right about these numbers. the number of new jobs found in the household survey, not the headline number of 114,000, it's an a no, ma'am mow louse number, the point is these monthly job numbers, they're estimates. it's a massive economy. they're trying to find using these statistical methods changes in a very large economy. every month afterwards the numbers get revised. they're all over the place. >> in this case they revised the earlier numbers up by some $85, 86,000. this means we have created more jobs in the previous months that have not been added. you talk about manipulation. they should have increased that number by that amount and that would have even been more accurate, but they didn't do that. that's the best estimate they had at the moment. >> right. also to the adp survey that comes out a little before the jobs numbers. it's almost always more jobs than you end up getting in the
Search Results 0 to 5 of about 6 (some duplicates have been removed)